Covid19 had nothing to do with my situation.

@Joseph BinkowskiDon’t forget that you can now be qualified as an accredited investor by passing the series 65 exam without any income or net worth requirements.It will cost you around $200 to $300 and will be valid for 2 years (unless you can park your license with a financial advisor firm, then it will last as long as you maintain it).It is not a difficult exam and you should be able to pass it with around 40 hours of self study with a good prep book or website.

What are your thoughts on this entire situation? 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?

The rate might be .5% higher for the 30 year, but looking at it financially what if you took that $187/mo and invested it into the stock market at 7-9% returns? 

Unfortunately, unless you see the underlying financials as well as supporting data for those financials, you do not know whether there actually was cash from operations to pay your distribution or not. 

Some buyers enter these agreements without fully understanding the financial commitment, often influenced by overly optimistic advice.

Simply put, many of these distressed properties were put under duress by the former owners financially, not necessarily the location.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.